Seems pretty cut & dry with the H&SThis is gonna tank AH and earnings. I'm sure there will be more drama on the back end, but this needs solid results and ideas on how to improve for the next quarter, considering they have done what they had to in the quarter. That head & Shoulders is solid!Shortby themoneyman800
CVNA , US Stock120.50 below trendline breakdown 118/116/113/105/100/90 can test to fill the gap 21 ema below close yesterdayShortby Equity_Research_Analyst-021
An H&S forming if it retreats 135 and then suddenly fallsAfter a major analyst reiterated 130, this has been volatile. There is still a short squeeze from time to time, but from a chart POV, there is a trendline correction and continuation. We are moving to a bullish stance.Longby themoneyman80110
155 continues its bullish run maybe even higherthe last leg up lasted for 38 points before retracing 16 and now at 25 higher I think there is a squeeze coming before it dips. Longby themoneyman80221
Did you know Carvana is up 15X?! OMG :)Look what we have here. Incredible price action from this stock.. what should you do if you hold it... or if you are feeling #FOMO maybe this idea will help. Inverse Head and shoulders there for all to see.Longby BallaJiUpdated 6
$CVNA - back to $104 rangeRejected off the fib as it did on the last time it was in this range. Last time it fell hard. Only PR out is "tax credits" which is hilariously non-relevant to the company. They just sell the car that gets a tax credit. How is that even CVNA pr? Chart techs say "bullish" butttttt macd reversal, stochastic reversal, and rejection on the convergence channel show this thing go back ot 104 in the next 2 months before the next leg up. not trade adviceShortby mike-ai-automation440
CVNA breakout possible129 above resistance breakout possible 131/135/137/140 can test Longby Equity_Research_Analyst-02114
CVNA IDEATESTED 129 and failed last week. it dropped and retested 125 and was saved by the bell friday onto a possible reversal to test highs in the upper 130s. Its still not out the clear though. needs to hold this 126 level or it could drop all the way back down to mid teens. Tomorrow will tell. Any sign of strength towards 129 will be a good opportunity to grab calls expiring august in the 132-136 range. Waiting for confirmation tomorrow....by AMilliontheway3
Carvana getting ready for parabolic upswing?CVNA showing a nice wave/stairstep pattern pushing up, and now we have a super nice flag pattern. Would not be surprised to see this wave turn into a very strong and fast move up from here over the next few months.Longby tyler_sim4
$CVNA $155.90 on horizon?NYSE:CVNA Macd almost flat on weekly. It's entering the volume gap here. Also RSI and William% range is giving bullish divergence. First pt is $155.90 and second pt is $220.00. This targets are based on weekly TF.Longby rahul45261
Update from June 10th - Cleaner View | $CVNA SHORTBack on June 10th I published NYSE:CVNA short. Still looking for the short, but wanted to provide a cleaner picture. We are closer to the break and the economic headwinds are getting stronger. Car vending machines, huh?Shortby ChiefMacro111
COUNTERTREND SHORT TRADE IDEAWith the clear structure forecast, there is a pretty clear path for a meaningful wave four pullback. Per pinball theory and option flow, we should be targeting the $100 zone, which is an excellent round number that market will likely gravitate to.Shortby BlueLineTradingLLC0
THE EASIEST WAY TO SELL YOUR CAR AND MAKE MONEYAnalyzing CVNA’s chart shows us a fresh RSI low in late 2022, with a price action low as well. From that low, we have a clear 5 wave structure forming off the low that puts the current price action in the beginning stages of wave four, which has a target in the $100 zone. With wave three hitting the 200% extension, we can treat wave three as extended, which puts the final wave 5 target at the 238% extension, just over $150. Divergences in the RSI between wave 3 and 5 of 3 confirm the count.Longby BlueLineTradingLLC0
This looks very 2-sidedThe RSI needs room to run, and the MACD is curving. The BB is squeezing; I've never seen a squeeze like this. I'm pretty sure we see 135 at this point, but it may require some reset. I pointed this out before consolidation after a run or a correction after a more extensive run neither ruling out the possibility of a significant squeeze nor a minor retrieve.by themoneyman800
CVNA, 2024-06-18, ShortContext: Weekly - Resistance Zone @116.71/134.68 Daily - Trend line breaks @ 2 points; Retracement back to "First Red" 1h - CHOCH structure with "Last Bar" as entry/stop range (2x ATR (near term) rounded as stop buffer) --- Main Target - Weekly Support Zone @ 87.58 Breakeven stop @ 97.85 2/3s Out @ 97.85 (Fib ext 0..618) --- Expected R (at full) 3.64Shortby nowkUpdated 111
$CVNACVNA looking to retest 128 area or higher, weekly chart is beautiful, definitely in my watchlist this week.Longby bdijondev2
CVNA continuationCVNA is looking like a solid continuation setup. Strong earnings gap, then pullback to trend seems to be a pattern with this name similar to the other circled areas. by Algo_Edge111
115 MAYBE GOING SIDEWAYSIt seems to be headed towards another resistance hotspot of 115, but it can do much damage for shorts. However, it's too early for a permanent continuation at this point. Expecting a reprieve of 100.by themoneyman801
$CVNA Short | “car vending machines”I may return to this to add some additional insight / commentary. Short Carvana. The rupturing of the “Yellowstone Bubble” will not be kind to “car vending machines”Shortby ChiefMacro333
CVNA Big Bullish PotentialHey guys! Found a setup I happen to really like that Carvana NYSE:CVNA has been forming this past few months. I generally would stay away from a company/stock like Carvana, as potentially bankrupt-bound companies are not what I like to trade. But I couldn't help but realize the Cup & Handle being formed on the weekly chart currently. Below are some highlights of what I find attractive in the technical layout of this setup: - Weekly Inverse Head & Shoulders / Cup & Handle - Momentum is leaning bullish (TTM_SQUEEZE) - Bought up from $20 demand zone - Daily Chart has ema cloud bounce - Decent Volume Accumulation Limits to this / confirmation needed: - Weekly ema cloud testing key area - Monthly Ema Cloud key level as well Closing Notes: I do believe that this technical setup is very strong. I also like that not many of the fundamentals & catalysts will likely play into this as Q3 Earnings just reported. This ER also swung a profit in EPS, and sent a pop in the stock adding to some positive sentiment surrounding NYSE:CVNA Overall I am looking to go long on a bullish retest of some sort and wanted to share a setup I have not seen in a while! Longby ZachSapUpdated 5
Inverse Head and Shoulders for CVNARSI is high at 65.90 and beginning to touch the support line. If it breaks through we have plenty of upside. It is bullish trading above the 200 moving average. The MACD has crossed and we have earnings on Feb. 22. If the earnings are good, this could potentially continue to move higher like in the past. the volume is 6 million. Looking the white lines for taking profits. Stop loss at the 20 day EMA. Longby GlennTradingUpdated 0
Simply a matter of time....Carvana´s financials does not seem to last. on top of that, their business model is quiet stupid. The rally they have had the last years time has been unheard of looking at the financials, and i think buying out of the money put options or simply shorting Carvana is a good bet within the next couple of years. It can happen this year or the year after.. but simply, its a matter of time..Shortby ScienceBasedTrading333
CVNA - What we need to see for a long scalpWe've been rocking the shorts on CVNA for the past week and we're looking to catch the rebound however big or small it is. Definitely a shorter term long play until we prove more on the HTF and especially with this juicy gap that we're currently filling Happy Trading :)03:28by ReigningTradesUpdated 3